To some degree the extreme effects of business cycles are limited by government action. During periods of contraction it is likely that the number of people unemployed will rise, but they receive unemployment benefits. This ensures that the demand for goods and services does not drop further.
Using this item
This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.
Add new comment